VOL. XLVI

No 43

27-October-2003

IRAQ RECONSTRUCTION

UNCC Pays Out $196Mn For Gulf War Claims

The United Nations Compensation Commission (UNCC) announced on 16 October that it had paid out a total of $196.2mn to 1,395 successful claimants following its sessions held in June and September. Payments are made within the framework adopted by the UNCC at its 48th session in June which limits the total at each session to $200mn due to the reduction in its share of Iraqs diminished oil revenues from 25%...